Massachusetts is still in a recession. Forecasts made earlier in the year — that the state economy would be experiencing modest growth by now — have been revised. Instead, it continues to contract. Joining long-suffering sectors such as technology and manufacturing, finance and state government are now making employment cuts. Even consumers, whose continued spending has been a last stronghold of the state economy, are showing signs of distress. Will the Commonwealth follow the nation on the road to recovery, or is our trajectory taking us elsewhere?
Clayton-Matthews, Alan, "Economic Currents: The State of the State Economy" (2002). Public Policy and Public Affairs Faculty Publication Series. 35.
University of Massachusetts
Published in MassBenchmarks, Vol. 5, No. 4, pp. 4-9: http://www.massbenchmarks.org/publications/issues/vol5i4/3.pdf.